Ban Implemented on Krugerrand Imports

TREASURY NEWS

partment of the Treasury e Washington, D.C. e Telephone 566-2041

For Immediate Release Contact: Charlie Powers
October 11, 1985 Phone: (202) 566-2041

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TREASURY IMPLEMENTS BAN ON IMPORTATION
OF SOUTH AFRICAN KRUGERRANDS

The Department of Treasury announced the issuance today of
South African Transactions Regulations to implement Executive
Order Number 12535 of October 1, 1985, prohibiting the
importation into the United States of South African Krugerrands.

The Regulations are effective as of 12:01 a.m. today, Eastern
Daylight Time, and will appear in the Federal Register.

The ban covers Krugerrands in all denominations, and also
Krugerrands that have been modified, as by the addition of a
clasp or hoop, so that they can be worn as jewelry. The
Krugerrands already in the United States are not affected by the
ban.

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